What’s that buzz on the power line? It’s AI, of course! But what is AIoT, you ask? It is applying artificial intelligence (AI) to data from smart devices connected by the Internet of Things (IoT). AI is the science of training systems to perform human tasks through learning and automation.
Looking for use cases for analytics to derive value at an electrical utility? We have identified over 125 ways you can use analytics to improve the business processes at an electric utility. I recently posted a series of blog posts discussing four different use cases. Now I'd like to share
Wherever there is uncertainty there has got to be judgment, and wherever there is judgment there is an opportunity for human fallibility. Donald Redelmeirer, physician-researcher Recently, I read a fascinating book titled The Undoing Project: A Friendship That Changed Our Mind by Michael Lewis (W.W. Norton & Company, 2017). Lewis
Widespread flooding. Downed power lines. Broken poles. Failed transformers and breakers. Leaking pipes. Shut down refineries. The toll that a catastrophic storm takes on the energy value chain is significant. A functioning power grid, clean water and reliable fuel sources are critical for public safety and economic recovery. Even with
The dramatic drop in crude oil prices from the highs above $100USD per barrel down to levels around $50 per barrel is one of the drivers behind the industry’s march towards improved operating efficiency. Along the corridors of Independent Oil Companies (IOCs) and National Oil Companies (NOCs), machine learning and
Citizens served by the government are increasingly the same digital savvy consumers that market disruptors in banking, retail and utilities are attracting with sophisticated, data-driven online experiences. It’s a mutually beneficial arrangement; consumers get to buy services in ways that suit them while businesses get the efficiencies they want, wrestling
The widespread adoption of the term "analytics" reminds me of the evolution of the term "supply chain management." Initially the term focused on supply chain planning. It involved demand and supply balancing and the heuristics and optimization tools that came out of advanced planning and scheduling. Over time practically everything was included
The U.S. Marshals Service is the federal agency known for bringing wanted fugitives to justice. Often, the Marshals Service gets attention for these arrests, but once the publicity has died down they face a basic challenge --- where to put the individuals in their custody. The agency uses data to
Retail isn't an easy place to be these days. The environment is omnichannel and ever-changing. Competition is rising and retailers are struggling to understand how to best meet customers’ merchandise preferences. Fortunately, analytics are driving profitability and market share for smart retailers. Let’s take a look at the four hottest
The digital disruption is creating unforeseen events, such as new competitors, products and services that threaten the performance and positioning of consolidated players. Big data and analytics prove themselves, through successful user cases, as the answer to intercept the demand, prevent churn, draw an integrated view of the customer, manage
